BAROOGA AGRIPRODUCTS P/L GRAIN MERCHANTS ABN 22 123 379 000 PO Box 14 BAROOGA NSW 3644 (p) 03-58752222 (f) 03-58752259 (e) [email protected] (w) www.baroogaag.com.au GROWER MARKET UPDATE 18/05/2015 International Markets International markets rallied last week on most commodities, AUD$ up against the USD$ and in generic terms it appears that most markets are being supported on both sides. Most regions are well under way with sowing and whilst we have seen some rainfall we are certainly looking for a decent rain when sowing is completed. There looks like a reasonable front heading from west to east over the next 7 to 10 days so we may get what is needed!! Weather http://www.bom.gov.au/jsp/watl/rainfall/pme.jsp Old Crop values have eased slightly over the past 2 weeks with very limited opportunities to capture any premiums. Exports markets particularly quiet on protein wheat but we may see that change soon?? There are domestic buyers but it looks at the moment that APW/ASW/SFW are all headed for feed mills. Barley values are not too bad given the supply/demand ratio as we head into the 3rd quarter (July/Aug/Sept). Current indicative delivered Melb/Geelong markets for May/June. H2 sellers at 300 no buyers APW sellers at 295 no buyers ASW buyers at 285 and sellers at 292 SFW buyers at 280 and sellers at 285 FB1 buyers at 280 and sellers at 285 Limited buying interest on old crop malt1 and whatever there is, is variety specific with no major spread on prices. Feed oats buyers at 310 sellers at 360 Milling oats buyers at 360 sellers at 390 Lupins sellers at 460 not too many buyers at these levels. NEW CROP - Track Geel/Melb less GTA location differentials for up country delivery Nov/Dec. Indicative Only APW 283 H1 + 17 H2 + 7 ASW – 15 AGP – 30 FED 1 -45 MALT BA1 297 GA1 294 SCOPE1 284 HIND1 274 FB1 259 Canola 488 ( +/- oil/admix) 42% oil basis. Cheers and Thanks Andy Leighton-Daly (p) 03-58752277 (m) 0428734029 (e) [email protected] (w) www.baroogaag.com.au